Techno Electric & Engineering Company Ltd (TEECL) saw its shares surge as much as 8% during the early trade on December 29 after bagging orders worth Rs 1,750 crore.

Shares of Techno Electric reached a fresh 52-week high of Rs 844.50 in the early trading hours, up 7.7% from the previous closing price on the National Stock Exchange (NSE). At 02:40 pm, the scrip was trading 2.86% higher at Rs 802.90. 

In an exchange filing dated December 29, the construction and engineering company announced that it had secured new orders worth Rs 1,750 crore for transmission and advanced metering infrastructure.

Under the transmission order of Rs 709 crore, the company has received an order of a 765kV AIS Package (Substation) for Neemrana-II from Sterlite worth Rs 199 crore and a 765kV AIS Substation Package for the establishment of 765,400 kV, 2×1500 MVA at Sikar from PGCIL worth Rs 223 crore. It also includes a substation package for (i) 765/400 kV Dausa and (ii) an Extension of 765 kV Beawar from PGCIL worth Rs 288 crore.

The Advance Metering Infrastructure (AMI) segment of the company received an order of Rs 1,041 crore from RECPDCL for 7.27 Lakh Smart Meters in Kashmir on a DBFOOT basis.